Replies to post #4532 on Global Developments Inc (GDVM)

[MiamiTrader87]

Thank you for all your work tothe. How many shares do you estimate are short?

[Papalaka]

Correct, but in this case they have to cover because of the cusip change. The biggest myth on the OTC is that it’s retail shorts, which at times could be true if you’re Tim Sykes, but 99.99% of the time it’s the broker dealers who run OTC desks that are shorting. This is a 100% fact, don’t let them fool you into thinking otherwise. The biggest trick the Devil pulled was saying he didn’t exist.

[Semperfiguy]

Thank you for sharing that Tothe. I value your opinion more than almost anyone else in these forums because I genuinely feel you are unbiased and knowledgeable in your craft.

For years I was skeptical of OTC shorting. Then over time after paying attention to Traders smarter than me the evidence began piling up. But I was looking for hard proof, today in the last 5 minutes buying flurry at the ask to close, I got it...call it a paradigm shift in market perception.
The average OTC Trader does not have $180,000 cash laying around to stack the bid like that. Which leads me to believe it is Broker-Dealers who were raiding the Big Piggy Bank in the sky borrowing shares from the DTC...now all those paper poker chips are being called in because of the pressure of Investor Sentiment.

[60ftcat]

FYI: we do have 7 figure OTC traders and they watch GDVM.